Tuesday, May 27, 2014

Jim Rogers says most people trade too often

I'm not very good at short term trading and market timing. As far as I'm concerned, and this does not apply to traders, most people should do nothing most of the time. If they own something they should wait. 

In my case, I might wait years for it to mature and develop. I like to find things with positive changes. A lot of times I am doing nothing, waiting for opportunities, or to let opportunities mature. Something I'm watching at the moment and even acted a little bit is Russia. 

Now I have started made a few investments in Russia, which is perhaps the cheapest market in the world and certainly one the hated markets in the world. 

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.